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At least 127 records · Page 7Linked to original sources

A cost-effective alternative to air therapy bed rentals.

Rental products are often a large expense in healthcare institutions. Desert Samaritan Medical Center in Mesa, AZ, took a look at the equipment rental dollars being spent on air therapy beds to determine if a new approach could result in significant cost savings. They identified the potential purchase and in-house maintenance of air therapy devices as an opportunity to increase productivity and service levels while simultaneously reducing expenses. After conducting a thorough product evaluation of various products, the institution purchased four portable mattress replacement systems, four beds complete with air therapy, in-bed scales and dynamic blowers and continue to rent air-fluidized therapy beds on an as-needed basis. Duties for supplying, cleaning and maintaining the equipment were shared between Materials Management, Patient Transport, Environmental Services, Clinical Engineering and Plant Services and Nursing. The hospital has realized a $90,000 expense reduction as a result and improved patient outcomes.

Arizona↗

Respiratory care.

In summary, the field of respiratory care has witnessed a continuum of accelerating change in its first half century of existence as a health care profession. These changes were effected by internal change agents as well as external forces in the health care arena. Based upon a health care system undergoing a near cataclysmic pace of change in a time of multifocal and critical inspection, it is anticipated that the field will undergo an even more dramatic change in its scope and direction in the next 50 years. With the guidance and assistance of administrators, medical staff, and partner departments, the respiratory care department should continue to function as an integral part of the hospital organization.

Capital Expenditures↗

AHA suffers building sale snafu.

By relocating its Chicago headquarters to a new building before selling its old two-building office complex, the American Hospital Association has been stuck with two leases to pay. According to AHA records, the snafu may be costing the association nearly $3 million annually in unnecessary expenses.

American Hospital Association↗

Leasing can add flexibility to asset management.

Better management of high-technology assets begins with an understanding of a healthcare organization's goals and the equipment it needs to meet them. Under the right conditions, leasing can shift economic and technological risks of equipment obsolescence from healthcare organizations to leasing companies. Steps involved in a leasing decision include reviewing a hospital's equipment acquisition plans; conducting cost-benefit analyses, determining useful and product lives of desired equipment; and watching the market for potential technology changes.

Accounting↗

Watch for pitfalls when analyzing lease options.

Seemingly minor provisions included in leases of major equipment can substantially increase a healthcare organization's expenses. When reviewing lease bids, financial managers should beware of commitment fees, progress payment interest, residual value, and other variables in the agreement. On the whole, the costs of leasing options should be viewed for their effects on a hospital's cash flow at various points during the rental period.

Capital Expenditures↗